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Editor’s note : This Week in Travel (TWT) is your essential guide to smoothing the road from here to there for your attendees and yourself. AmEx Global Travel Financials Show Strong Business Travel Recovery. airlines” shows that in the second quarter of 2022, “the demand for business travel is very strong.”.
One million dollars invested in airfare annually — not long ago this figure was cited as a benchmark for businesses to start seeking help from a travel management company or TMC. At lower levels of expenses, it was a vain hope to negotiate bargain prices, perks, and commissions from airlines. post-trip reporting. post-trip reporting.
A well-structured B2B travel platform is no longer just a “nice-to-have.” ” It has become an integral tool, ensuring the travelers’ comfort and the operations’ cost-effectiveness and efficiency. Corporate travel management comes with its unique set of needs and challenges. Legacy GDS limitations.
Needless to say, this trend creates immense business opportunities for companies from different sectors – travel included. And if we look at the traveler’s sentiment, another 2022 research has shown that a combined 87 percent of travel subscribers plan to increase (47 percent) or maintain (40 percent) their current travel subscription levels.
Severely struck by the coronavirus pandemic, the travel industry is slowly but steadily reaching its full potential. Shifts in travel patterns opened up new niches for startups, giving them a unique opportunity to harness the emerging trends and address important but so far unmet customer needs. Sustainable travel.
IATA or the International Air Transport Association is a global trade association of airlines (both freight and passenger carriers) that regulates the aviation industry by developing standards, procedures, and practices. As of today, its members are 290 airlines in 120 countries comprising around 82 percent of total air traffic.
What differentiates a travel professional from a common person? The former would insist that Amadeus plays the first fiddle but in the travel tech. Madrid-based travel giant grows its business around two areas — the global distribution system (GDS) and IT solutions for automating travel processes. other travel APIs.
Mindtree, a global technology services and digital transformation company, has launched Digital Health Passport for Travel. The solution provides a safer and smoother experience to international travelers navigating frequently changing travel regulations and restrictions related to the COVID-19 pandemic.
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